Denver Wealth Management Inc. Raises Stock Holdings in SPDR Portfolio S&P 500 ETF $SPLG

Denver Wealth Management Inc. boosted its holdings in SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) by 3.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 770,715 shares of the company’s stock after purchasing an additional 26,502 shares during the quarter. SPDR Portfolio S&P 500 ETF makes up approximately 23.2% of Denver Wealth Management Inc.’s portfolio, making the stock its largest holding. Denver Wealth Management Inc.’s holdings in SPDR Portfolio S&P 500 ETF were worth $56,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. USS Investment Management Ltd purchased a new position in shares of SPDR Portfolio S&P 500 ETF in the first quarter worth $1,394,006,000. Jones Financial Companies Lllp increased its holdings in SPDR Portfolio S&P 500 ETF by 99.4% in the 1st quarter. Jones Financial Companies Lllp now owns 31,074,010 shares of the company’s stock valued at $2,031,308,000 after acquiring an additional 15,489,573 shares during the last quarter. Kedalion Capital Management LLP purchased a new stake in SPDR Portfolio S&P 500 ETF in the 2nd quarter worth $509,875,000. SCS Capital Management LLC bought a new position in shares of SPDR Portfolio S&P 500 ETF during the 1st quarter valued at about $167,317,000. Finally, Global Retirement Partners LLC purchased a new position in shares of SPDR Portfolio S&P 500 ETF during the second quarter valued at about $157,512,000.

SPDR Portfolio S&P 500 ETF Trading Up 0.7%

Shares of SPLG stock opened at $79.96 on Friday. The stock has a market capitalization of $95.16 billion, a price-to-earnings ratio of 25.61 and a beta of 1.00. SPDR Portfolio S&P 500 ETF has a 12-month low of $56.67 and a 12-month high of $81.14. The stock’s 50-day moving average price is $78.93 and its 200-day moving average price is $75.22.

About SPDR Portfolio S&P 500 ETF

SPDR Russell 1000 ETF (the Fund), formerly SPDR Dow Jones Large Cap ETF, seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of large capitalization exchange traded the United States equity securities.